Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-06-12
THE VANDALIA DEAL.
Importance OF The New Link in he Bal
tim0re and Ohio System-4
Very Shrewd Move
Capture of the Jersey Central Probable
Wisdom of Robert Garrett's Step In En-
listing Enterprising Young Men.
Gath in Cincinnati Enquirer.

NEW YORK, June 8.-The lease of the
Vandalia line by New York operators
acting in concert with the Baltimore and
Ohio Railroad is, on the whole, 8 refresh
ing shake-up. Properties which become
too conservative csn never experience
change of heart till tley are absorbed and
reappear in q live form. The Baltimore
and Ohio Railroad was originally located
under the state rights theory upon lines
1t would not have chosen had we possess
ed one country. Virginia compelled this
road to run away up 10 Wheeling, reserv-
ing for itself the right to build q more
direct line to Cincinnati and Louisville.
The Baltimore and Ohio got even with
Virginia in 1861, when it used Mt. Ger
rett's influence with Secretary Stanton TO
split the western half of Virginia, and
consequently not a loot of the Baltimore
and Ohio main stem now runs on Vlr-
ginia soil The road steps over from
Maryland to West Virginia, which latter
state was conveniently given handle to
the mouth of the Shenandoah for the
purpose,
After the war the southern business Of
the Baltimore and OHIO system vas in
v2ded and brought 10 naught. From the
extreme south ferries were made to New
York city, and Baltimore was
LEFT OUT OF THE VIEWS
of promoters and builders. Norfolk and
Savannah became shipping points, and
the western railroads built into the
south and hauled its stuff out by the
north.
The Baltimore and Ohio built line TO
Chicago, expecting TO get q great deal OF
. business from there, but the Chicago
business does not 90 to Baltimore, and
year BY year manifested sn increasing dis
position to 20 direct TO New York.
Hence for q good while the Baltimore
and Ohio has been endeavoring TO stretch
TO New York and become 8 trunk line.
It's new president found so much power
tul opposition from the Pennsylvania
Railroad, tho Philadelphia bankers, the
New York Central kOgd, etc, that he
made up his mind 10 commit his concerns
10 somebody who would take the expense
Of handling states and distant corpora
lions, so as to make mis- line q ConneC-
ton If something.
Ives & Stayper, brokers' and operators
a6ou. Wall street, have undertaken this
task. They began by getting hold of the
Cincinnati, Hamilton and Dayton road,
which is one Of the best properties in the
country t0r g north and south trunk.
It's trend between Toledo and Cincinnati
is slightly northeast, so that it naturally
connects the southern business with every
line passing acroSs Ohio or Michigan.
T1en It's branches extend to Indianapolis
and 70 Richmond making il both Chi
cagO end St. Louis trunk, By taking the
Vandalia line the Pennsylvania Railroad
las lost possession Of road they h9ve
been steadily advertising for many years
uuul it mas become thoroughly well
known. The Vandalia line, besides, mas
j north and south IOSd through Indiana
REACHING ALMOST To CHICAGO.
The talk about building q road from
Parkersburg 10 Dayton is probably pre-
mature, 50 spectators find much easier
10 buy railways than TO build them. The
Baltimore and ohio has lost good deal
OF tine building railway systems when,
lad il been wide awake fifteen years age,
Il might have picked up lines already ex-
isting and been in the city Of New York
The advantage of buying q railroad over
building one is, that you ere getting rev
saue ali the time from the road you buy,
whereas when you build yen must post
bone all revenue until you are finished.
The Baltimore and OHIO began TO build
something Ike three or four years ago
from Baltimore to Philadelphia. From
hat line they have derived next to moth
ing no &c the present time, while the old
railroad which they undertook 10 get, but
which the Pennsylvania people snapped
aWay from them, has been earning all the
while and is really doing al the business
between New England, New York, Penn
svlvama and New Jersey and the city of
Washington.
The Reading Railroad years ago went
On under Governs management, picking
up superhuous lines, really designing TO
lelD the Baltimore and Ohio out TO New
York, but these lines, by the irony of
events, now stand in the way of any rival
road from the south. They have been
gathered into bundle or fasces by Mr..
Governs industry, and now the Corbin in
Huence controls them subordinate TO the
PennSyivania's ambition. Little bits Of
insiacerity like the sale OF the Vandalis
Road make it not improbable that COrbin
himself may some day slip his Pennsyl-
vania 'manacles and in in e scheme to
make S grand railroad from New York to
all parts of tho west. THIS could
READILY BE DONE
5Y the Reading system, going in with the
Hamilton end Dayton, Baltimore and
OliG, etc In some respects it would
mike g better railroad than the Pennsyl-
yluis's by putting IL g few links. For
instance, G road could De builo from
York, Pennsylvania, TO connect the Read-
ing with the Baltimore and Ohio al Fred
eriCk City, and thus the 0etour shout
Washington and Baltimore could De
saved. This combination ought to be Of
assistance 10 Cincinnati, provided it is
designed 70 be Il real system and not an
fundamentally of speculation. Hereto
fore the Baltimore and OHIO Railroad
mas been in the hands Of one man who
lived in Baltimore, end seldom went
away from it, and whose intentions to
sell the property were never suspected.
He had one or two associates who held
the stock with him AID subscribed to his
ideas every time.
From the time they laid single track
between Baltimore SnG Washington and
connected il through tunnels with their
Northern Central and Philadelphia lines
there mas been no true business 20 speak
Of done over the old road. The last re-
port Of the Baltimore and Potomac, or
new property showed a. enormous gross
business, with increasing net prospects.
Yet the Baltimore and Ohio lines between
Washington and Baltimore is the safest
and soundest. In our age people must
spend money to get spytning, Those
VINO have money and will not put it out
are the greatest losers of ell. I overheard
merchant saying to his Junior partner
yesterday il { mild way:
81 think you had better keep this ex-
pense bill down. Il gets 70 be g system
after whiIe.'
"Well," said the other man, "whst
you call the expense bill was giving din
ner to two men who nearly emptied the
store of goods. My agreement is TO sell
these goods, and can't do 1t unless am
NV cOTnDetifOrS u